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Nov 14, 2012 5:00pm PST
is now expected to get the green light. on the sidelines of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the house of representatives. obama on wednesday held his first news conference since re-election. he expressed strong concern about expiring tax cuts and automatic spending cuts referred to as the fiscal cliff. unless lawmakers can agree by the end of this year to extend the tax cuts for middle class, the economy could plummet. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on, and that's to keep middle class taxes lower. >> obama stressed the u.s. cannot afford to extend tax cuts for the wealthiest 2% of the population if it wants to reduce the country's mounting deficit. obama asked for cooperation from republicans. he said he is open to compromise and open to new ideas that could bring about a rise in tax revenues. >>> let's check on the ma
Nov 15, 2012 5:00pm EST
obama appointed an ambassador, and the meeting in cambodia will mark his fourth meeting of the leader level with them. our goal is to strengthen them to promote regional stability and political and economic progress. the president's meeting with leaders reflects our commitment to the area including in trade, investment and energy. and also reflects his support for making the east asia summoned a forum for dealing with strategic security. apec provides a forum to deal economic matters, but there is virtually no venue to consult on political issues. the east asia summit can be that forum. we took a look at it. it required a yearly commitment of quite a bit of the president's time to travel to asia for this. as you can imagine, when you're talking about the president's time, there is a debate about whether this is worth the time. we reached the decision in this way. you are either all in or you're not with respect to the strategy. the president, as he said, is all in. you can either look at these institutions and wait for them to protect themselves, or you can participate on the ground a
Nov 15, 2012 6:00am PST
-pacific region. he will have a chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that interactions will continue. >>> the south korean government welcomed china's new leadership. >> translator: we hope our relationship with china will develop farther and as a new leadership. >> the media gave extensive coverage to the news from the country's largest trading partner. owe yonhap news agency noted all seven member es of the communist party's political bureau's new standing committee have visited south korea. the agency said china's relations with south korea are expected to strengthen. >>> north korean leader kim jong-un has sent a congratulatory telegram to xi jinping. north korea's state-run med
Search Results 0 to 3 of about 4 (some duplicates have been removed)